SP doing well & broken above resistance on the back of yesterday's breakout announcement.
CNW is a very impressive growth story which is now turning over $75m (annualised) and is also profitable with $560k profit in 2H17.
This will attract some serious investors IMO who are looking for a great growth opportunity & leverage to a growing business.
Margins will be the focus in FY18 as stated by management & a very small increase in margin (given the large turnover) will have an exponential impact on profitability.
Once word spreads about the growth trajectory of this company across the market, IMO the LT money will buy & accumulate.
Don't forget we are already 2 months in to FY18 & as such, management will have a handle on the T/O & margins thus far. Given this backdrop, they confidently stated yesterday in the Ann that they expect to continue to grow top-line & focus on margins & NPAT growth.
Lets not forget at this SP, the EV is only 14m ...
